Mercantile Financial Statements From 2010 to 2024

MBWM Stock  USD 36.95  0.49  1.34%   
Mercantile Bank financial statements provide useful quarterly and yearly information to potential Mercantile Bank investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Mercantile Bank financial statements helps investors assess Mercantile Bank's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Mercantile Bank's valuation are summarized below:
Gross Profit
183 M
Profit Margin
0.3761
Market Capitalization
587.8 M
Revenue
220.2 M
Earnings Share
5.13
There are over one hundred nineteen available fundamental ratios for Mercantile Bank, which can be analyzed over time and compared to other ratios. Self-guided Investors are advised to check Mercantile Bank's last-minute fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself down the road. As of the 24th of April 2024, Market Cap is likely to grow to about 679 M. Also, Enterprise Value is likely to grow to about 1.4 B

Mercantile Bank Total Revenue

318.68 Million

Check Mercantile Bank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mercantile main balance sheet or income statement drivers, such as Depreciation And Amortization of 5.8 M, Interest Expense of 23.4 M or Total Revenue of 318.7 M, as well as many exotic indicators such as Price To Sales Ratio of 4.03, Dividend Yield of 0.0232 or PTB Ratio of 1.32. Mercantile financial statements analysis is a perfect complement when working with Mercantile Bank Valuation or Volatility modules.
  
This module can also supplement Mercantile Bank's financial leverage analysis and stock options assessment as well as various Mercantile Bank Technical models . Check out the analysis of Mercantile Bank Correlation against competitors.
To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.

Mercantile Bank Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets5.6 B5.4 B3.3 B
Slightly volatile
Short and Long Term Debt Total881.9 M840 M324.2 M
Slightly volatile
Total Current LiabilitiesB1.9 B304.2 M
Slightly volatile
Total Stockholder Equity548.3 M522.1 M337.5 M
Slightly volatile
Cash131.8 M130.5 M199.1 M
Slightly volatile
Common Stock Shares Outstanding11.8 M16 M13.4 M
Slightly volatile
Liabilities And Stockholders Equity5.6 B5.4 B3.3 B
Slightly volatile
Total Liabilities5.1 B4.8 B2.9 B
Slightly volatile
Total Current Assets142.7 M150.2 M12 B
Slightly volatile
Property Plant And Equipment Net37.2 M50.9 M42 M
Slightly volatile
Non Current Assets Total3.9 B5.2 B4.1 B
Pretty Stable
Net Receivables4.7 B4.5 B2.9 B
Slightly volatile
Common Stock Total Equity221.9 M334 M254.3 M
Slightly volatile
Non Current Liabilities TotalB2.9 B580.1 M
Slightly volatile
Property Plant And Equipment Gross99.5 M94.7 M54.1 M
Slightly volatile
Common Stock280.4 M295.1 M255.7 M
Slightly volatile
Other Liabilities54.9 M52.3 M20.1 M
Slightly volatile
Accounts Payable66.9 M70.4 M54.3 M
Pretty Stable
Long Term Debt636.9 M606.5 M176.2 M
Slightly volatile
Short Term Investments647.9 M617.1 M360.8 M
Slightly volatile
Property Plant Equipment37.9 M59.2 M42.6 M
Slightly volatile
Short Term Debt337.8 M321.7 M171.4 M
Slightly volatile
Net Tangible Assets315.3 M450.1 M290 M
Slightly volatile
Warrants910.4 KM1.1 M
Slightly volatile
Long Term Debt Total166.1 M158.2 M70.7 M
Slightly volatile
Long Term Investments586.2 M617.1 M1.7 B
Very volatile
Non Current Liabilities Other137.1 M223.5 M128.6 M
Slightly volatile
Other Current Assets142.7 M150.2 M1.3 B
Slightly volatile
Short and Long Term Debt34.2 M36 M153.3 M
Slightly volatile
Earning Assets497.2 M613.1 M465.2 M
Slightly volatile
Net Invested Capital954.1 M1.1 B763 M
Slightly volatile
Capital Stock238.2 M295.1 M299.2 M
Slightly volatile

Mercantile Bank Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization5.8 M11.5 M7.9 M
Slightly volatile
Interest Expense23.4 M22.4 M18.1 M
Slightly volatile
Total Revenue318.7 M303.5 M138.7 M
Slightly volatile
Gross Profit318.7 M303.5 M138.7 M
Slightly volatile
Other Operating Expenses210.8 M200.8 M80.1 M
Slightly volatile
Operating Income283.1 M269.6 M81.6 M
Slightly volatile
EBITDA10.9 M11.5 M53 M
Slightly volatile
Selling General Administrative37.9 M71.1 M48.3 M
Slightly volatile
Selling And Marketing ExpensesM1.6 M1.2 M
Slightly volatile
Cost Of Revenue32.1 M20.7 M19.2 M
Slightly volatile
Net Income Applicable To Common Shares73.7 M70.2 M38.3 M
Slightly volatile
Preferred Stock And Other Adjustments949.2 K927 K1.1 M
Slightly volatile
Net Income From Continuing Ops44 M84 M38.3 M
Slightly volatile
Non Recurring4.4 M4.9 M5.3 M
Slightly volatile
Tax Provision15 M20.4 M13.1 M
Slightly volatile
Net Interest Income142 M195.6 M120.6 M
Slightly volatile
Interest Income169.4 M255.8 M141.1 M
Slightly volatile
Reconciled Depreciation12.2 M11.9 M10.8 M
Slightly volatile

Mercantile Bank Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation5.8 M11.5 M7.9 M
Slightly volatile
Capital Expenditures10.7 M10.2 M4.8 M
Slightly volatile
Total Cash From Operating Activities78.9 M75.1 M45 M
Slightly volatile
Begin Period Cash Flow148.1 M96.8 M215.4 M
Slightly volatile
Dividends Paid10.7 M21 M13.6 M
Slightly volatile
Stock Based Compensation1.8 M3.4 M1.7 M
Slightly volatile
Issuance Of Capital Stock712.4 K891 KM
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio4.032.13083.8622
Slightly volatile
Dividend Yield0.02320.03250.0309
Pretty Stable
PTB Ratio1.321.23861.2183
Pretty Stable
Days Sales Outstanding51.6828.1929.5169
Pretty Stable
Book Value Per Share34.2332.602123.2132
Slightly volatile
Invested Capital0.811.60370.9646
Slightly volatile
Operating Cash Flow Per Share4.934.69063.0463
Slightly volatile
Stock Based Compensation To Revenue0.00890.01110.0114
Slightly volatile
PB Ratio1.321.23861.2183
Pretty Stable
EV To Sales5.344.46834.6437
Slightly volatile
ROIC0.150.15880.1042
Slightly volatile
Sales General And Administrative To Revenue0.30.23410.3942
Slightly volatile
Cash Per Share49.0146.680835.7269
Slightly volatile
POCF Ratio8.188.608715.6547
Slightly volatile
Interest Coverage12.6612.05364.2894
Slightly volatile
Payout Ratio0.220.25550.375
Very volatile
EV To Operating Cash Flow22.2918.052119.3161
Slightly volatile
Intangibles To Total Assets0.01670.00920.0173
Slightly volatile
Current Ratio0.07340.07721.6 K
Slightly volatile
Tangible Book Value Per Share30.2528.804820.5774
Slightly volatile
Receivables Turnover6.9413.413.4867
Very volatile
Graham Number64.4361.365237.2986
Slightly volatile
Shareholders Equity Per Share34.2332.602123.2132
Slightly volatile
Debt To Equity0.811.60370.9646
Slightly volatile
Revenue Per Share19.918.95029.2989
Slightly volatile
Interest Debt Per Share56.3753.682126.8952
Slightly volatile
Debt To Assets0.160.15620.1032
Slightly volatile
Enterprise Value Over EBITDA12411822.1314
Slightly volatile
Short Term Coverage Ratios0.310.23350.3446
Slightly volatile
Price Book Value Ratio1.321.23861.2183
Pretty Stable
Dividend Payout Ratio0.220.25550.375
Very volatile
Price To Operating Cash Flows Ratio8.188.608715.6547
Slightly volatile
Operating Profit Margin0.970.88840.6043
Pretty Stable
Company Equity Multiplier11.7510.26559.5765
Slightly volatile
Long Term Debt To Capitalization0.30.49690.4001
Slightly volatile
Total Debt To Capitalization0.370.61590.4586
Slightly volatile
Return On Capital Employed0.08970.0790.0375
Very volatile
Debt Equity Ratio0.811.60370.9646
Slightly volatile
Ebit Per Revenue0.970.88840.6043
Pretty Stable
Quick Ratio0.370.384322.0542
Very volatile
Net Income Per E B T0.70.80060.9486
Slightly volatile
Cash Ratio0.06370.06718.6669
Pretty Stable
Operating Cash Flow Sales Ratio0.260.24750.3244
Pretty Stable
Days Of Sales Outstanding51.6828.1929.5169
Pretty Stable
Cash Flow Coverage Ratios0.08520.08970.1488
Slightly volatile
Price To Book Ratio1.321.23861.2183
Pretty Stable
Fixed Asset Turnover6.265.95943.1123
Slightly volatile
Price Cash Flow Ratio8.188.608715.6547
Slightly volatile
Enterprise Value Multiple12411822.1314
Slightly volatile
Debt Ratio0.160.15620.1032
Slightly volatile
Cash Flow To Debt Ratio0.08520.08970.1488
Slightly volatile
Price Sales Ratio4.032.13083.8622
Slightly volatile
Asset Turnover0.05950.05660.0395
Slightly volatile
Price Fair Value1.321.23861.2183
Pretty Stable

Mercantile Bank Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap679 M646.7 M420.8 M
Slightly volatile
Enterprise Value1.4 B1.4 B546.6 M
Slightly volatile

Mercantile Fundamental Market Drivers

Forward Price Earnings8.1433
Cash And Short Term Investments-70.4 M

Mercantile Upcoming Events

16th of April 2024
Upcoming Quarterly Report
View
16th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
21st of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Mercantile Bank Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Mercantile Bank income statement, its balance sheet, and the statement of cash flows. Mercantile Bank investors use historical funamental indicators, such as Mercantile Bank's revenue or net income, to determine how well the company is positioned to perform in the future. Although Mercantile Bank investors may use each financial statement separately, they are all related. The changes in Mercantile Bank's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Mercantile Bank's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Mercantile Bank Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Mercantile Bank. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue-177.8 M-186.7 M
Total Revenue303.5 M318.7 M
Cost Of Revenue20.7 M32.1 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.23  0.30 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.03)(0.04)
Revenue Per Share 18.95  19.90 
Ebit Per Revenue 0.89  0.97 
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mercantile Bank in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mercantile Bank's short interest history, or implied volatility extrapolated from Mercantile Bank options trading.

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When determining whether Mercantile Bank is a strong investment it is important to analyze Mercantile Bank's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mercantile Bank's future performance. For an informed investment choice regarding Mercantile Stock, refer to the following important reports:
Check out the analysis of Mercantile Bank Correlation against competitors.
To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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Is Mercantile Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mercantile Bank. If investors know Mercantile will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mercantile Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.021
Dividend Share
1.36
Earnings Share
5.13
Revenue Per Share
13.722
Quarterly Revenue Growth
0.04
The market value of Mercantile Bank is measured differently than its book value, which is the value of Mercantile that is recorded on the company's balance sheet. Investors also form their own opinion of Mercantile Bank's value that differs from its market value or its book value, called intrinsic value, which is Mercantile Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mercantile Bank's market value can be influenced by many factors that don't directly affect Mercantile Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mercantile Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mercantile Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mercantile Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.